22/05/2024 at 12:41 (GMT+7)
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Realized FDI capital in 4 months hits 5-year record

Vietnam’s foreign direct investment (FDI) in the first four months is estimated at 6.28 billion USD, a year-on-year rise of 7.4%, marking the highest four-month realized FDI capital over the past 5 years, according to the General Statistics Office (GSO).

Of which, the processing and manufacturing sector attracted the most FDI capital with 4.93 billion USD, accounting for 78.5% of the total realized FDI capital.

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It was followed by real estate business activities, 607.6 million USD (9.7%); and production and distribution of electricity, gas, hot water, steam and air conditioning, 259.8 million USD (4.1%).

As of April 20, 2024, total FDI inflows in Vietnam had reached nearly 9.27 billion USD, a year-on-year rise of 4.5%. Of the total, 7.11 billion USD was poured into 966 new projects, an increase of 28.8% in the number of projects and 73.2% in the capital.

Notably, processing-manufacturing led the newly-registered FDI capital at nearly 5 billion USD, followed by real estate at 1.6 billion USD.

Since the beginning of the year, Singapore has been the largest investor with 2.59 billion USD, accounting for 36.4% of the total. It was followed by Hong Kong (China) with 898.6 million USD (12.6%); Japan, 814.1 million USD (11.4%); China, 740.2 million USD (10.4%); Turkey, 730.1 million USD (10.3%); and Taiwan (China), 512.3 million USD (7.2%).

GSO said that 345 ongoing projects registered to increase their investment capital by 1.23 billion USD.

If including newly-registered capital and adjusted capital of projects licensed in previous years, registered foreign direct investment capital in the processing and manufacturing industry reached 6.03 billion USD, accounting for 72.3% of the total; real estate business activities reached 1.68 billion USD (20.1%) and the remaining industries reached 635.1 million USD (7.6%)./.